Cerence (CRNC) Litigation Settlement

Cerence Inc. announced the resolution of its patent infringement disputes (Samsung I and II) against Samsung Electronics on October 28, 2025.

• Material Event: The parties entered into a cross-license agreement.
• Financial Gain: Samsung agreed to pay Cerence a one-time lump sum payment totaling $49,500,000.
• This settlement concludes significant legal proceedings that had trial dates scheduled through April 2026, removing a major operational uncertainty.

This non-recurring revenue stream provides immediate positive fin